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Last decade have witnessed an explosion of the Industrial Internet of Things (IIoT) as industries of all shapes and sizes have realized the importance of implementing new, innovative, smart solutions in pursuit of digital transformation. With several years of slow productivity and fragmented demand across many business segments, innovation had been long overdue.
Significant forces, such as increased globalization and commodification, have compelled industrial enterprises to explore new service-oriented, revenue-boosting business models and to reallocate resources to digital technologies and solutions.
What we are witnessing now is the Fourth Industrial Revolution also known as Industry 4.0. This industrial revolution has become the fastest growing market for Io T. But, as with nearly any period of great structural change the urgency to digital transformation is about more than just bragging rights. Industrial enterprises that embed IIoT into their businesses will discover:
Companies that fail to define an IIoT strategy, usually risk a competitive disadvantage before even reaching the starting line. And so, for industrial enterprises that have yet tact or have been side lined by obstacles this is the moment of truth. Act now,or be left behind. Fortunately, with the incredible advancement of IIoT and growth fueled by Industry 4.0, there has been no better time than now for the availability of innovative, state-of-the art technologies, resources, and opportunities for digital transformation.
Aquitas’ Thing Worx EAM (TEAM) Accelerator offers a pre-built and proven two-way integration to your existing EAM or CMMS to automate maintenance action based on real time condition everactive steam trap monitoring rules and alerts.
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